Chinese website Winp is reporting that Huawei will officially announce the Ascend W1 next week, on September 25. The handset should hit the shelves in November or December, for around 2,000 CNY (hence a bit over $310). Europe, the US and China are the markets where Huawei intends to sell it.

There are no photos of the Ascend W1 for now, but it’s said that it would be released in four color versions: white, black, blue, and pink.

At $310, the Huawei Ascend W1 will be half cheaper than Nokia’s Lumia 820 (which, of course, is cheaper than the Lumia 920). So Huawei will target budget-conscious users with the W1. It remains to be seen how many of these it manages to sell (the company’s Android smartphones are doing very well, but that doesn’t guarantee the success of its WP8 handsets, too).